Beaver County, Oklahoma Property Taxes
The median property tax rate in Beaver County is 0.78%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Beaver County at $81,838, the typical annual property tax bill amounts to $600, significantly below the national median of $2,690. Property taxes in Beaver County are calculated based on the assessed value, which is often less than the market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Beaver County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you live in Beaver or another part of Beaver County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Beaver County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$638
$592
Ownwell’s Beaver County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Beaver County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Beaver County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Beaver County, Oklahoma
Property taxes in Beaver County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Beaver County is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Beaver County set these rates annually, and they can vary significantly between different areas within the county. Each year, Beaver County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Beaver County's effective property tax rate with other areas in Oklahoma and the national median. For comparison, the city of Beaver has one of the higher property tax rates in Oklahoma at 0.79%, while the city of Forgan boasts one of the lowest at 0.69%. Analyzing how Beaver County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Beaver County Tax Rate
0.78%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Beaver County, Oklahoma
In Beaver County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Beaver County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Beaver County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Gage has the highest median tax bill at $857, while Gate has the lowest at $348. Being aware of these valuation processes in Beaver County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Beaver County Assessed Value
$81,838
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beaver County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Balko | $46,901 | $64,444 | $88,698 | $139,004 | $193,335 |
| Beaver | $29,314 | $48,391 | $79,414 | $120,971 | $173,452 |
| Forgan | $21,000 | $34,544 | $65,000 | $103,144 | $167,751 |
| Gage | N/A | N/A | N/A | N/A | N/A |
| Gate | $20,607 | $30,640 | $59,849 | $101,102 | $181,202 |
| Laverne | $42,044 | $62,745 | $93,117 | $137,538 | $194,353 |
| Turpin | $29,601 | $49,321 | $100,801 | $160,000 | $233,861 |
Source: Ownwell
Property Tax Bills Across Beaver County, Oklahoma
In Beaver County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including the property's market value, any applicable exemptions, and the specific tax rate set by local authorities. For example, the median home price in Beaver County is $81,838. Homeowners in Beaver County see a wide range of tax bills. At the 25th percentile, the tax bill is approximately $336, while it rises to $1,007 at the 75th percentile. At the 90th percentile, homeowners may pay as much as $1,532. The highest median tax bill in the county is $857 in the city of Gage, whereas the lowest is $348 in Gate. Compared to the national median property tax rate of 0.99%, Beaver County offers relatively affordable property tax rates, which can be a significant financial relief for homeowners.
Average Beaver County Tax Bill
$600
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690